Category Archives: Business

US of ALEC

Bill Moyers discusses how some of our lawmakers are competely beholden to ALEC (American Legislative Executive Council), a secretive organization that receives millions of dollars from national corporations. These guys do get results. ALEC drafted the stand your ground law in Florida. They are also behind the Right to Work law that was rammed through Michigan.

My Samsung saga is over

My 11-week battle to get my 10-month-old plasma TV fixed is now over. Electronics giant Samsung has replaced my old TV with a new one. Let me just say that the man who delivered my new TV was incredibly nice. He unpacked the TV, he put it together and we hooked it up. He also boxed up my old TV and took it away. The whole ordeal, at least this part of it, took approximately 15-20 minutes. (Here’s the rest of the story.)

I’m happy that I did get a new TV, but the whole process took way too long. The process for buying a new TV is clear and straightforward. The process for getting somebody out to fix your “old” TV is somewhat convoluted. If Samsung really would like to be a truly great multinational corporation, it needs to fix this.

Thursday Evening News Roundup

Thursday Evening News Roundup

Israeli man takes cover as air raid sirens go off (Reuters)

Can somebody please tell me what’s going on in Israel and the Gaza Strip? I don’t understand why Hamas is lobbing missiles into Israel. The only reason that I can possibly think of would be that they’re trying to provoke a military response from Israel. They think they have something. I don’t know what it is. Maybe a new weapon – chemical, biological or nuclear? Maybe they have thousands of troops that have now been trained? I don’t know. The whole thing doesn’t make sense. (Look for the neoconservatives to start blaming Obama for the violence in Gaza. The reason that there is violence in Gaza is because Barack Obama has refused to lead on the Israeli-Palestinian issue. I guarantee you that’s gonna be there line of reasoning.)

Dell Computers’ third-quarter profit has dropped by 47%. Surprised? Just the other day I was talking to a friend of mine and I told him that for years I was buying two or three new computers every year. If I wasn’t buying one for myself I was buying one for my wife. One year I bought a desktop and the following year I bought a laptop. If I wasn’t buying a computer for myself, my wife or my daughter I was buying one as a present for my mother, my father, one of my siblings. I simply don’t do that anymore. My desktop computer is approximately 18 months old. I bought all the components to the computer online and got a local computer guru to put everything together for me. My computer’s fast as lightning. It cost me $700-$800 less than a comparable computer from Dell or Hewlett-Packard or any of the major brand names. Things changed. Dell needs to change or they’re in serious trouble. Tablets have been out for a while. Does Dell have a tablet that rivals the iPad? I didn’t think so.

The US Post Office is in financial trouble, again. Look for conservatives to smile and pounce.

I didn’t know that black people didn’t vote. Was there a meeting that I’d missed?

From the financial sector: Inflation does not seem to be a problem at least it wasn’t in October. Ben Bernanke, Federal Reserve Chairman, basically believes that lending standards have become too tight. The housing market is still problematic. Real income has fallen.

Walmart is in trouble. There’s a federal investigation into suspicions of bribery; not only in Mexico, but also China, India and Brazil. Continue reading